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Public Expenditures and Classical Economists

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Public Expenditures and Classical Economists

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Questions and Answers

What is the main role of public expenditure in developed countries?

Provision of basic amenities of life

Stabilization and maintenance (correct)

Growth and employment

Redistribution of income

According to classical economists, what is their view on government expenditure?

There has been a considerable increase in government expenditures

Every government is taking an active part in the organization of its country

Government expenditure is wasteful (correct)

Laissez Faire

What is the importance of public expenditure in promoting economic development?

Removal of regional imbalances

Provision of basic amenities of life

Redistribution of income

Promotion of economic development (correct)

In underdeveloped economies, what is the main focus of public expenditure according to the text?

Acceleration of economic development through infrastructure construction Signup and view all the answers

What is the definition of public expenditure as per the provided text?

Expenditure incurred by public authorities to satisfy social wants Signup and view all the answers

According to the classical economists, what is their view on the role of government in public expenditure?

Government expenditure is considered wasteful Signup and view all the answers

What is the main focus of public expenditure in underdeveloped economies according to the text?

Acceleration of economic development Signup and view all the answers

What is the primary purpose of public expenditure in optimizing the level of investment in a market economy according to the text?

Control of the tendency in the market economy Signup and view all the answers

What is the significance of public expenditure in providing basic amenities such as education, health care, and water?

Provision of collective wants Signup and view all the answers

What is the main role of public expenditure in developed countries according to the text?

Stabilization and maintenance Signup and view all the answers

What is the primary role of public expenditure in underdeveloped economies according to the text?

Promotion of economic development Signup and view all the answers

According to classical economists, what was their view on government expenditure?

It is wasteful and unnecessary Signup and view all the answers

What is the significance of public expenditure in eradicating poverty and ensuring social justice according to the text?

Redistribution of income Signup and view all the answers

What is the main focus of public expenditure in optimizing the level of investment in a market economy according to the text?

Stimulating economic entities in a certain way Signup and view all the answers

What are the classifications of public expenditure according to the text?

Satisfying collective social wants Signup and view all the answers